18.09.2012 - The market for carbon trading is broken. We must fix it before it's too late.

As things stand polluters can buy up permits that allow them to emit as much carbon dioxide as they like. As the European Commission prepares to publish its first report on the EU Emissions Trading Scheme (ETS), the future of the world’s largest “cap and trade” system for forcing down carbon emissions hangs in the balance.
As it stands today, emitters are running rings around policymakers and exploiting the scheme’s many weaknesses. The time has come to fix it, or shut it down for good...............................................Full Article: Source